Black Box Ltd.

BSE: 500463 | NSE: BBOX
Small Cap | Telecommunication - Equipment
514.60
-2.95 (-0.57%)
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AGC Networks rises on completing acquisition of Pyrios

Date: 14-08-2020

AGC Networks is currently trading at Rs. 329.00, up by 3.90 points or 1.20% from its previous closing of Rs. 325.10 on the BSE.

The scrip opened at Rs. 321.20 and has touched a high and low of Rs. 329.00 and Rs. 321.20 respectively. So far 30 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 456.85 on 26-Feb-2020 and a 52 week low of Rs. 78.00 on 16-Aug-2019.

Last one week high and low of the scrip stood at Rs. 347.00 and Rs. 300.55 respectively. The current market cap of the company is Rs. 968.14 crore.

The promoters holding in the company stood at 69.02%, while Institutions and Non-Institutions held 7.18% and 23.79% respectively.

AGC Networks has completed the acquisition of Pyrios Pty (Australia) and Pyrios (New Zealand) through its indirect subsidiary--Black Box Networks Services Australia Pty and Black Box Networks Services New Zealand, respectively. Pyrios is an expert in communication technology delivering customer engagement and workplace collaboration solutions.

The acquisition of Pyrios will substantially increase and strengthen AGC. Black Box presence and offerings in the Australia and New Zealand market. This will also enhance the current solution portfolio of AGC and Black Box in the UC and Contact center space and Cloud services.

AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Data Center & Edge IT, Cyber Security (CYBERi), Digital Transformation & Applications including Simple-Edge and Technology Product Solutions (TPS) to evolve the customer’s digital landscape.